Dow stalls out to kick off September trade, while S&P 500, Nasdaq clamber higher after ADP jobs report for August

U.S. stock benchmarks were mixed Wednesday, with equity indexes trading mostly higher, even as data on private-sector employment came in weaker than expected. A report from Automatic Data Processing showed that businesses in the U.S. created 374,000 new jobs in August, versus 600,000 that economists had forecast on average, based on a Dow Jones survey. The lackluster report suggests that the delta vairant of COVID-19 may be stalling out job creation in the recovery phase from the pandemic. The Dow Jones Industrial Average was virtually unchanged at 35,366, the S&P 500 index advanced 0.2% at 4,531, and the Nasdaq Composite Index rose 0.5% at 15,334. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Dow stalls out to kick off September trade, while S&P 500, Nasdaq clamber higher after ADP jobs report for August
U.S. stock benchmarks were mixed Wednesday, with equity indexes trading mostly higher, even as data on private-sector employment came in weaker than expected. A report from Automatic Data Processing showed that businesses in the U.S. created 374,000 new jobs in August, versus 600,000 that economists had forecast on average, based on a Dow Jones survey. The lackluster report suggests that the delta vairant of COVID-19 may be stalling out job creation in the recovery phase from the pandemic. The Dow Jones Industrial Average was virtually unchanged at 35,366, the S&P 500 index advanced 0.2% at 4,531, and the Nasdaq Composite Index rose 0.5% at 15,334. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.